QUICKBOOKS ONLINE NON-US USERS VS QUICKBOOKS ONLINE US

The first chart shows the very fast growth of QuickBooks Online. QuickBooks Online non-US (international) users grew at a Compound Annual Growth Rate (CAGR) of 100% a year, to 503,000, while U.S. users grew 43% a year, to 1,880,000 (total 2,383,000 at 7/31/17).

Only price increases exceeding inflation slowed the dollar losses from many less Intuit Desktop users. The above chart also shows two initial static years, followed by a big drop and two rather good years. This may well relate to Desktop user upgrades to Online, every three years, encouraged by Intuit Sunset policies. That should cause a big Desktop drop this year, as many more Desktop users find Online far better. We already see this in QuickBooks Online growing 56% a year, during the normally very slow quarter ended October 2017.

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